Form Hud-92700 - 203(K) And Streamlined (K) Maximum Mortgage Worksheet Page 2

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Remarks (Continue on separate page if needed)

Notes:

1. If owned less than 1 year, use lesser of A2 or Original Acquisition Cost plus Debts incurred for

rehabilitation since acquisition.

2. Refer to Mortgagee Letters 05-21, 95-46, and 93-13.

3. These Allowable Costs may be released at closing, provided paid receipts or contractual agreements

requiring payment are obtained

4. Required Adjustments would include additions such as financeable repairs and improvements,

energy related weatherization items, and solar energy systems, as well as subtractions

including sales concessions in excess of six percent of the sales price, inducements to purchase,

personal property items, etc., all as per HUD Handbook 4155.1 (May also include HUD REO Lead

Based Paint Credit.)

5. Maximum Mortgage before UFMIP not to exceed statutory limit.

6. See ML 2005-50.

7. Not applicable to Streamline 203(k) transactions.

8. If Condominimum limit to 100% of A3

Public reporting burden for this collection of information is estimated to average 25 minutes per response, including the time for reviewing instructions, searching existing data

sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This agency may not collect this information, and you are

not required to complete this form, unless it displays a currently valid OMB control number.

This information collection involves an expanded information requirement for lenders that originate and service Section 203(k) mortgages. The purpose of the information is

to help mitigate program abuses. The expanded information focuses on the loan origination process and requires increased documentation and strengthened internal control

procedures. Periodic reporting of the information is not required. The information also includes information that was voluntarily accepted by the 203(k) lending community. The

information provides a more comprehensive basis for evaluating lender underwriting practices and thereby improves risk management of the 203(k) loan portfolio. Responses

are required under Section 203(k) of the National Housing Act (12 U.S.C. 1703). No assurance of confidentiality is provided.

ref: Handbook 4240.4

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form HUD-92700 (06/09)